INTERNATIONAL GROUND SOURCE HEAT PUMP ASSOCIATION (EIN 853555399) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

JEFF HAMMOND

Phone

8006264747

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL GROUND SOURCE HEAT PUMP ASSOCIATION, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 175% from the prior year, signaling strong growth momentum.

Mission

IGSHPA OFFERS INDUSTRY REQUIRED TRAINING TO INSTALL GROUND SOURCE HEAT PUMPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,333,923

Program Service Revenue $562,863

Investment Income $0

Other Revenue $88,385

TOTAL REVENUE $1,985,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $753,536

Fundraising Expenses $0

Other Expenses $1,289,083

TOTAL EXPENSES $2,042,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,985,171	$720,756	+1.8%
Expenses	$2,042,619	$755,402	+1.7%
Net Income	$-57,448	$-34,646	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$221,931

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KOURTNEY LULL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN URLAUB	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JACK DIENNA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RYAN CARDA	DIRECTOR	1.00	Director	$0	$0	$0
BOYD LEE	DIRECTOR	1.00	Director	$0	$0	$0
JOE PARSONS	TREASURER	1.00	Officer Director	$0	$0	$0
DONA KYLER	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF HAMMOND	EXECUTIVE DIRECTOR	40.00	Officer	$190,606	$31,325	$221,931

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,985,171	$2,042,619	$300,720	$-57,448
2023	$720,756	$755,402	$358,168	$-34,646
2022	$544,853	$417,018	$392,813	$127,835
2021	$280,301	$146,195	$264,978	$134,106

INTERNATIONAL GROUND SOURCE HEAT PUMP ASSOCIATION